As the crypto market continues to evolve, the potential for Ethereum (ETH) to ignite a significant rally is becoming a hot topic among analysts. Recent technical analysis indicates that Ethereum might be primed for a breakout, coinciding with the reactivation of a notable bullish indicator called the Raging Bull. This indicator has been credited with predicting major upswings in digital currencies, including its success during Bitcoin’s meteoric rise.
Insights into the Raging Bull Indicator
On July 16, reputable analyst Tony Severino posted on X, highlighting that Ethereum has activated the Raging Bull indicator, a tool renowned for identifying strong bullish trends. Observations on the monthly chart reveal that this signal may provide Ethereum with the momentum it needs to push above its recent highs.
Severino’s analysis showed Ethereum concluding its most recent monthly candle at an impressive $3,177, showcasing a substantial gain of 27.81%. This resurgence is significant, marking the first emergence of the Raging Bull signal since late 2022—an essential period when ETH experienced a downward trend. This bullish indicator is often associated with rising candles that signal robust upward momentum on high time frames.
The last noticeable instance of a similar bullish pattern for Ethereum was seen during its groundbreaking rise in 2020, where it achieved a remarkable ascent toward its all-time high above $4,800. The presence of consecutive bullish candles suggested that a substantial wave of buying pressure was at play. In light of the recent Raging Bull signal, Ethereum could potentially be reclaiming its position following the major downturns of 2022 and early 2023, suggesting a renewed period of growth ahead.
While Severino has yet to put forth a specific price target, the emergence of this technical signal signifies that Ethereum is aligning itself for a potential bullish PHASE, drawing parallels with the earlier condition that presaged Bitcoin’s climbs.
Bitcoin’s Journey After the Raging Bull Signal
In an earlier post, Severino indicated that Bitcoin’s Raging Bull indicator also made a reappearance in May 2025, marking a pivotal moment in its trading history. This resurgence was confirmed by a solid weekly close around the $97,452 mark, indicating a favorable market sentiment.
The Raging Bull indicator first showcased its predictive ability during Bitcoin’s early breakout phases and was instrumental in indicating bullish waves throughout the first half of 2024. Its recent activation serves as a forecast for yet another price surge. While the effectiveness of the Raging Bull signal is well-documented, it’s essential to remember that, as with all trading indicators, it isn’t infallible.
Understanding these technical indicators can offer valuable insights for traders and investors alike. However, it’s crucial to combine such data with broader market analysis to formulate comprehensive investment strategies.
